Between the international Covid-19 pandemic, ongoing geopolitical events and soaring oil prices, the global economy is widely seen to be in a precarious position for the months ahead. This macrocosmic problem is even more palpable on a micro scale and is particularly visible in the United States, where experts say a national recession is almost inevitable – and for some industry experts, the recession has already arrived. The result? Even the American industries that have held the strongest throughout the pandemic are beginning to stutter and fizzle as the economic effects of the recession become more evident with each passing day. The real estate sector has certainly been no different, as the sky-high real estate values ​​seen across the country over the past two years have already begun their descent, and once-motivated buyers have been put off by rapidly rising mortgages. rates.

For established landlords, however, the recession has created a host of new opportunities to use their assets as rental properties. As your average consumer becomes overpriced from their property buying potential, rental demand increases, in turn, making the recession-era an ideal opportunity for landlords everywhere. to the country to maximize their return on initial investment. This effect is perhaps most demonstrable in one of the most competitive real estate markets in the United States, Los Angeles, where celebrities, wealthy individuals and superstar athletes seeking high-end properties can be put off by the perspective of the property. . From the annual major professional sports tour schedule to the intense international filming schedules of big-screen stars, owning property in the expensive Los Angeles area can be out of the question; when it comes to short-term stays, the 2022 luxury rental market offers the perfect solution to the unique demands of VIPs and the owners of the region.

At the heart of this transformational luxury rental market is Million Dollar Luxe, Los Angeles’ premier concierge service for stars and high net worth individuals, which has become renowned for its short-term luxury rental services. Rather than finding a run-of-the-mill property without any personalized details, Million Dollar Luxe bends over backwards to ensure that all of its high profile client requests are met – including finding mouth-watering private chefs, chartering exclusive private planes, arranging exaggerated flower deliveries and remaining readily available to cater to any whims necessary to make their guests’ stay shine.

It all starts with Million Dollar Luxe’s ​​extensive list of the most prolific homes in Los Angeles, as the team sources the crème de la crème of properties from this elite pool to fulfill the long wish lists of its clientele. With its attention to detail, Million Dollar Luxe handles everything from minor repairs, to chic staging, to adding touches of luxury hospitality throughout the home to create a short-term rental that’s never been missed. is not only ready to move in, but really feels like home. . Properties like Trousdale Grand offer Million Dollar Luxe tenants unobstructed views of Beverly Hills and are outfitted with the indoor-outdoor living elements so desired by the Los Angeles crowd – a feature perfectly punctuated by the property’s sparkling pool. The house’s seven bedrooms are spread over a single floor, each bathed in sumptuous natural light and sophisticated furnishings.

Plus, this hands-on approach allows owners of Million Dollar Luxe rentals to rest assured that their homes will be kept in pristine condition and inhabited only by trustworthy, vetted guests – a must, given the famous party scene. from Los Angeles. Today, as the recession continues to drag down the Los Angeles housing market, Million Dollar Luxe and its renowned luxury short-term rental service are expected to emerge from this international economic downturn.

Presented by: Prestige Perfections